ARway Corporation (CSE:ARWY, OTCQB:ARWYF) has said it plans to distribute its groundbreaking software through Apple Inc's (NASDAQ:AAPL) highly anticipated Apple Vision Pro Headset.
The company, which currently offers software solutions compatible with other AR Headsets like Magic Leap 2 and HoloLens 2, expects the adoption of Apple Vision Pro to create a significant market opportunity for its technology.
ARway commended Apple for its foray into manufacturing the industry-leading headset, praising its spatial computing power, ergonomic design, and improved user experience. With Apple's dominance in the smartphone market, capturing a 20.5% share in Q1 2023 according to Statista, the Apple Vision Pro is poised to become a top-tier AR headset and the first-ever wearable spatial computer.
In a statement, ARway CEO Evan Gappelberg expressed his enthusiasm, commenting: "Today marks the dawn of a new era in computing and computer vision technology. With our no code no hardware AR platform, we believe ARway is the killer application for enterprise."
He added: "Before Apple Vision Pro, we already had dozens of pilot projects and use cases, but now with Vision Pro, we expect our business to jump into hyper-drive."
Apple CEO Tim Cook unveiled the new product at the Apple Worldwide Developers Conference held at the company's headquarters in Cupertino, California, on Monday, June 5, 2023.
ARway's technology offers accurate positioning for headsets in GPS-devoid environments and facilitates location-persistent AR content. This capability paves the way for immersive use cases and hands-free user experiences, generating immense interest from both headset manufacturers and clients seeking to implement the technology.
ARway's AI-powered platform enables the creation of augmented reality experiences in indoor spaces, catering to various industries and use cases. The platform empowers users to enhance visitor experiences, boost employee productivity, and create engaging advertising spaces. By scanning a QR code, visitors gain access to venue maps, receive step-by-step directions to points of interest, and interact with rich AR content and experiences.
ARway was recently spun out from its parent company Nextech3D.ai, which retains a controlling ownership with 13 million shares, or a 50% stake. With its innovative technology and strategic collaboration with Apple, ARway aims to revolutionize the world of augmented reality and redefine the future of computing.
Contact the author at jon.hopkins@proactiveinvestors.com